After a year-long search, General Motors finally found a buyer for Saab in Spyker Cars, a Dutch sports-car maker. The offer comprises $74 million in cash and $326 million in preferred shares. Saab workers and customers finally have a strong reason to be hopeful.

After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday.